Depa Plc · NASDAQDUBAI:DEPA
Depa — H1 2024 Earnings Presentation
13 slides from Depa's earnings presentation, August 2024
Slide 1: Depa PLC Results for the Six-Months Ended 30 June 2024
DEPA PLC RESULTS FOR THE SIX-MONTHS ENDED 30 JUNE 2024 1
Slide 2: Highlights
HIGHLIGHTS Depa PLC (“Depa”), the premier global interior solutions group, is pleased to announce its financial Haitham Tuqan, Group Chief Executive Officer, results for the six-months ended 30 June 2024. commented: “I am delighted to share our consolidated 2024 semi-annual results. Our commitment t
Slide 3: Group Financial Review
DEPA PLC GROUP FINANCIAL REVIEW 3
Slide 4: Financial Performance Summary
FINANCIAL PERFORMANCE SUMMARY Revenue Generated AED 623.0 million, up by AED 158.8 million (H1 2023: AED 464.2) driven by strong growth in Saudi Arabia, particularly Depa Interiors Group’s staggering 2.18x revenue growth. 34.2% Revenue growth Expenses Incurred AED 604.9 million, up by AED 139.3 mill
Slide 5: Financial Position Summary
FINANCIAL POSITION SUMMARY Cash and bank balances The Group reported period-end cash and bank balances of AED 315.3 million (FY 2023: AED 275.0 million) including fixed deposits and restricted cash. 1.42 Current ratio Net cash balance The Group reported period-end net cash of AED 228.0 million (FY 2
Slide 6: Cash Flow Summary
CASH FLOW SUMMARY Operating activities Net cash inflow from operating activities amounted to AED 37.6 million (H1 2023: out flow AED 2 million) supported by profitable operating activities and effective working capital management. AED 244.8 million Opening cash & cash equivalents 1 Jan 2024 Investin
Slide 7: Group Operational Review
DEPA PLC GROUP OPERATIONAL REVIEW 7
Slide 8: Depa Interiors Group
Depa Interiors Group The Middle East’s leading provider of interior solutions for the hospitality, residential, commercial, transport and civil infrastructure markets Financial highlights: 342.9 42.3 ▪ Revenue: AED 342.9 million, up AED 185.6 million or 118% compared to H1 2023 ▪ EBIT: AED 42.3 mill
Slide 9: Vedder
Vedder Based in Germany, Vedder is the world’s leading provider of fit-out solutions for the global superyacht, private jet and residence markets Financial highlights: 199.5 12.4 ▪ Revenue: AED 182.8 million, down AED 16.7 million or 8.4% compared to H1 2023 ▪ EBIT: AED 12.4 million, up by AED 1.3 m
Slide 10: Deco Group
Deco Group The Middle East’s leading provider of interior solutions for the luxury retail market, premium marble supply and installation, and high-quality furniture and joinery works Financial highlights: 120.6 11.4 ▪ Revenue: AED 120.6 million, up AED 8.8 million or 7.9% compared to H1 2023 ▪ EBIT:
Slide 11: Backlog
Backlog 1,827 1,713 554 135 1,692 194 183 1,497 679 121 1,354 595 264 159 501 567 192 634 5 Hospitality Yachts & Marine Residential Commercial Infrastructure 582 1,097 1,018 942 742 1,126 564 613 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 2 Depa Interiors Group Vedder Deco Group Europe Middle East United St
Slide 12: Outlook
Outlook Looking forward, as we move into the second half of 2024, our planned expansion into the Kingdom of Saudi Arabia underscores our confidence in the region's growth potential. We anticipate sustained growth and prosperity, solidifying our position as a leader in the construction fit-out indust
Slide 13: For Further Information
FOR FURTHER INFORMATION Please contact: Depa PLC | Tel: +966 11 515 0666 | +971 4 821 6666 Haitham Tuqan, Group Chief Executive Officer Nader Mardini, Group Chief Financial Officer NOTES TO EDITORS CAUTIONARY STATEMENT Depa is a strategic management company specializing in premium global This docume